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Predevelopment work was finished, however the project never got the "go ahead" and never made it into full development.
The first title of the franchise is currently under production as predevelopment work continues from the designer.
The benefit came with the ready availability of a state predevelopment loan for the town-house plan.
Mack had expected to build a 440,000-square-foot speculative office building, and swallowed with bitterness the loss of its significant investment in predevelopment work.
These plans are often referred to as "pre-approved", "concept" or "predevelopment".
The land is a living demonstration of how most of Fort Worth appeared in predevelopment times.
That burst of activity almost cleared the plate of predevelopment rezoning actions for major projects.
A bevy of foundations gave predevelopment grants.
Rezoning issues took years of predevelopment work and expense on most of them, although residential relocation from old buildings, another difficult process, was rarely involved.
Street-Works's predevelopment investments for Blue Back totaled $15 million by the time it closed on its construction financing.
In a more recent paper, Cooper and Edgett (2008) affirm that vital predevelopment activities include:
But to encourage development in these areas, the city provides a restoration tax abatement that freezes the assessment to the predevelopment level for at least five years.
The fund lent the developer, Regan Development Corporation of Yonkers, $27,000 to cover predevelopment costs.
But once through the predevelopment phase with a "certificate of need" in hand, a succession of problems developed, said Mr. Christiansen.
Capturing and reusing stormwater as a resource helps maintain a site's predevelopment hydrology while creating an additional supply of water for irrigation or other purposes.
For new construction and substantial renovations, the first floor of a house cannot be more than three feet above the predevelopment level in the front of the house.
The aim is to provide speeded up access to loans and loan guarantees for land acquisition and predevelopment expenses borne by developers of low-income housing.
TTTech spends around 50 % of its gross performance on research and development as well as 15 % on research and predevelopment.
The program, which started with residential conversions in 1997 but expanded to new construction in 2000, holds the tax assessment at a property's predevelopment level for 10 years.
Olympia has already spent about $25 million on predevelopment land purchases and planning costs for the project and stands to lose that if it does not exercise its option.
It worked with Detroit-based construction contractor Walbridge Aldinger on tasks such as preconstruction, estimating, predevelopment and construction-bidding work.
They had no recourse, but many states now strictly regulate development of such projects and restrict use of entrance fees, which many developers have used for predevelopment costs.
The cyclical market usually has changed before all the predevelopment work is done, so few are willing to undertake it, and banks have surely grown unwilling to finance it.
The group, which lined up predevelopment financing from LISC and Deutsche Bank, is scheduled to meet today with city officials to discuss how to proceed.
The predevelopment period must be short - in this case five months - so the contractor can make realistic bids that will hold up by the time the construction loan was funded.